ICICI Bank, the country’s largest private sector lender, has reported a 76 per cent drop in net profit for the January-March quarter to Rs 702 crore, as it set aside additional contingency reserve of Rs 3,600 crore. This is its … Continue reading

ICICI Bank’s fourth quarter profit plunged sharply by 76 percent to Rs 702 crore compared to Rs 2,922.1 crore in year-ago period, impacted by exceptional provisioning. ICICI Bank ‘s fourth quarter earnings shocked the street on Friday with profit falling … Continue reading

The Government of India has asked Britain to deport Vijay Mallya, whose Kingfisher Airlines has been accused of defaulting bank loans of about Rs 9,400 crore, citing the revocation of his passport and a non-bailable warrant against him. The Ministry of External Affairs (MEA) … Continue reading

Bharatiya Janata Party (BJP) and Congress were on Tuesday headed for an escalating confrontation over allegations of bribery in the Rs 36,000 crore VVIP helicopter deal during the United Progressive Alliance (UPA) regime, with Sonia Gandhi clearly being the target … Continue reading

Elephants can dance, going by Reliance Industries’ (RIL) performance in FY16. After five years, the country’s largest private sector company by revenue has reported double-digit growth in earnings. RIL, battling headwinds in most of its businesses, has exited FY16 with … Continue reading

Asserting that the Centre respects the rule of law, Union Parliamentary Affairs Minister M. Venkaiah Naidu on Friday said President’s rule was temporarily imposed in Uttarakhand as there was a Constitutional breakdown in the hill state. Naidu, however, said that one must wait for … Continue reading

Lawyers representing the founder of the collapsed Kingfisher Airlines Ltd, who the government says left the country earlier this year, filed an affidavit in the Supreme Court on Thursday in response to a directive to declare all his assets. The debt owed … Continue reading

Reserve Bank of India (RBI) Governor Raghuram Rajan on Wednesday said his ‘one-eyed king in the country of blind’ comment to describe India’s outperformance relative to other countries was taken out of context, and warned that the nation should not … Continue reading

After strong performance by larger rivals Infosys and Tata Consultancy Services, expectations are running high on Wipro, India’s third largest IT services company which is gearing up to transform itself as a new age technology services player. Despite its relatively more dependence … Continue reading

The top management of Tata Consultancy ServicesBSE -0.03 % (TCS) preferred to stay silent during the press briefing after declaring the quarterly results on Monday evening on the penalty slapped by a US jury. Its stance heightens the uncertainty about … Continue reading

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